I would certainly agree with that, which is why, brilliantly, my calculations aren't on useless Laurel bearing land, they're on *gas accumulation prospective* Laurel land minus some areas like a coast exclusion zone given there won't be wells on the beach, the town of Derby with an exclusion zone, the airbase (which they can't even do seismic on let alone drill), anything underwater etc.. I don't really see the point of adding Laurel land that isn't likely to be prospective into anything. Would be kind of a useless exercise no? I can let you know what % of Laurel land I left out of everyone's permits if you want.
Also one of the wells they use in the presentation, Wattle 1 isn't very prospective for Laurel wet gas at all. They don't mention gas in the fairfield as a show at all, only the thin bit of tight oil in the carbonate at the bottom of the Fairfield/YD/Laurel equiv and the Laurel at East Yeeda is about a third of the thickness of Valhalla. Not exactly incredibly promising although I'll grant Wattle 1 is near the point of the fan not in the middle of it.
I'm sure however there will be some decent spots in OBL's area, and oil in carbonates at the bottom of the fairfield is a good thing for conventional oil prospectivity. It's just way, way to early to be talking about OBL having a great Laurel area. It's unlikely but it's entirely possible OBL's area isn't good. We'll find out in a few years I guess once they drill and stimulate. I'm looking forward to finding out what their new oil target is. I'm probably happier it's some lower fairfield carbonate play than a horst block closer to Derby.
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